Premier, Inc. (NASDAQ:PINC) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Premier, Inc. (NASDAQ:PINC - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 384,851 shares of the company's stock after acquiring an additional 54,392 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.40% of Premier worth $8,159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SRS Capital Advisors Inc. increased its position in shares of Premier by 157.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company's stock worth $27,000 after purchasing an additional 786 shares in the last quarter. Keystone Financial Group Inc. acquired a new stake in Premier during the 4th quarter worth $37,000. Smartleaf Asset Management LLC grew its holdings in shares of Premier by 297.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company's stock worth $40,000 after buying an additional 1,427 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Premier by 28.0% during the fourth quarter. Van ECK Associates Corp now owns 2,041 shares of the company's stock worth $43,000 after buying an additional 446 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Premier in the fourth quarter valued at about $52,000. Hedge funds and other institutional investors own 74.41% of the company's stock.

Premier Trading Up 0.8%

Premier stock traded up $0.19 during midday trading on Tuesday, hitting $23.05. 677,209 shares of the stock were exchanged, compared to its average volume of 1,259,892. Premier, Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $23.56. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -230.48 and a beta of 0.54. The stock's 50-day simple moving average is $20.97 and its 200 day simple moving average is $20.70.

Premier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.64%. Premier's dividend payout ratio is currently 147.37%.

Insider Activity at Premier

In other Premier news, Director Helen M. Boudreau sold 2,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $22.88, for a total transaction of $45,760.00. Following the completion of the transaction, the director now owns 18,668 shares of the company's stock, valued at $427,123.84. This trade represents a 9.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel David L. Klatsky sold 10,982 shares of Premier stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $22.74, for a total transaction of $249,730.68. Following the sale, the general counsel now owns 76,093 shares of the company's stock, valued at approximately $1,730,354.82. This represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,119 shares of company stock worth $510,734. Insiders own 0.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PINC shares. Canaccord Genuity Group boosted their price target on shares of Premier from $19.00 to $22.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Robert W. Baird raised their target price on shares of Premier from $19.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Finally, Piper Sandler boosted their target price on Premier from $19.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $22.20.

Premier Company Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.